Gig Economy

  • Fiverr Reports Post-IPO Revenue Bump Amid Gig Economy Growth

    August 8, 2019 Fiverr Reports Post-IPO Revenue Bump Amid Gig Economy GrowthFiverr, an online marketplace for freelance services, reported its Q2 results on Thursday (Aug. 8), posting a 41 percent year-over-year revenue increase in its first quarter as a public company, ...
  • How Airbnb, Lime, Turo, Fiverr And Newegg Are Using Instant Payments

    August 8, 2019 Whether it’s a merchant or their customer, an employer or their employee — every party involved in a transaction wants to be paid immediately, without any hassles or surprises. That’s why ...
  • Solving The Gig Economy’s T&E Puzzle

    August 1, 2019 Last month, new data on the U.K.’s gig economy surfaced from the University of Hertfordshire, concluding that the number of gig workers in Britain has more than doubled in the ...
  • Taking A Poolside Dip Into the Sharing Economy

    July 30, 2019 The Aquatic ‘Airbnb’ Connects Swimmers, PoolsTo connect consumers who are looking to take a dip in the summer heat with property owners who have a place for people to cool down, online platforms are taking ...
  • The Employer’s View Of Early Wage Access

    July 25, 2019 Employers-look-at-payday-advancesThere is a new normal in the workforce: a younger generation of professionals that prioritize flexibility and technology. Giving rise to the gig economy and a new face of freelancing, ...
  • The Platform Economy Evolves To Become More Personalized

    July 23, 2019 The Platform Economy Becomes More PersonalizedThe platform economy is being transformed by an increased demand for faster payments bolstered by mobile usage, according to the latest Payments and the Platform Economy Playbook. It’s also accommodating ...
  • For Gig Workers, Advances In Pay Advances

    July 22, 2019 For Gig Workers, Advances In Pay AdvancesGetting paid in advance for work to be completed later is gaining traction in the gig economy. As found in the Pay Advances Report, the trend may be a new normal ...
  • How Pay Advances Affect The Retail Industry

    July 19, 2019 How Pay Advances Affect The Retail IndustryIn the gig economy, early payment—not just ease or speed—can be a differentiator. According to Pay Advances: The Gig Economy’s New Normal, employers disbursed $236 billion in full or partial payments before ...
  • How Gig Worker Pay Advances Could Ease Financial Anxiety

    July 18, 2019 How Gig Worker Advances Could Ease Financial AnxietyGig workers are beginning to get their wages before – not after – a job is complete through advances. In international news, China’s push toward a digital economy comes as the government has digitalized ...
  • Bank Innovation That Heeds The Needs Of The ‘Digital Native’

    July 18, 2019 In financial services, there is a big gap between recognizing the need for innovation and actually innovating. Joe DeRosa, executive vice president at i2c, explains why firms must eye the ...
  • Gig Workers And The $178B Pay Advance Potential

    July 17, 2019 Gig-workers-like-advance-pay Unlike the typical worker in the 9 to 5 cycle, gig workers often find themselves living paycheck to paycheck, because they must complete a work assignment before they can collect ...
  • Deep Dive: ID Verification In The Sharing And Gig Economies

    July 16, 2019 Sharing economy platforms are opening up new opportunities for property owners and travelers. Homeowners can monetize spare rooms and visitors can secure accommodations before arriving in new cities. Car owners ...
  • Xolo Receives $6.8M, Debuts New Tools For Freelancers

    July 16, 2019 Xolo, formerly named LeapIN, has announced new funding and the debut of a new service targeted toward “virtual companies.” In a press release Monday (July 15), Xolo announced $6.8 million in ...
  • What WhatsApp’s Security Vulnerability Means For Freelancers

    July 16, 2019 flaws-vulnerable-to-hackersThis week’s news of a security flaw in the Android versions of WhatsApp and Telegram, first revealed by Symantec, marked the latest cybersecurity warning for users of high-profile technologies. In ...
  • Libra Resistance And Gig Early Pay Top Week’s News

    July 12, 2019 Top News Mastercard Launches Early Pay Option For Gig Workers According to a recent study conducted by PYMNTS and Mastercard, of the 38.7 percent of the U.S. workforce engaged in the gig ...
  • Mastercard On What’s Next For Transfast

    July 12, 2019 Mastercard’s acquisition of Transfast is a done deal. What’s next?  Stephen Grainger, executive vice president of Mastercard, tells Karen Webster that the deal addresses pain points in cross border transactions for ...
  • Delivering Card Management To Consumers With MCS

    July 11, 2019 Delivering Card Management With MCSConsumers might not know about mobile card services (MCS), but they tend to be intrigued when told about the capabilities of these features. In business-to-business (B2B) payments news, GoCardless has announced a new recurring payments deal that involves ...
  • Lime Taps PayPal’s Hyperwallet For Global Payouts

    July 10, 2019 Scooter-company-pays-freelancers-with-PayPalPayPal’s Hyperwallet is facilitating payments to Lime’s scooter “juicer” force — offering a range of payout options globally. Brent Warrington, Hyperwallet’s general manager, tells Karen Webster why paying freelancers to ...
  • Mastercard Launches Early Pay Option For Gig Workers

    July 10, 2019 Much of the magic of using gig economy services like Uber is contained in the payment experience itself. Instead of fussing with cash or a card at the end of ...
  • Tailoring Insurance To Meet Gig Workers’ Needs

    July 3, 2019 Verifly-tailors-insurance-policiesFor the 58 percent of millennials who consider themselves entrepreneurs, and hustle from gig to gig, insurance can be a barrier to launching a successful business. However, a lack of ...
  • The Surprising Industries Speeding Instant Payments Adoption

    July 3, 2019 Industries Speeding Instant Payments AdoptionThe global value of real-time compensation is projected to reach $34.3 billion over the next five years, according to the July Disbursements Tracker. The rising demand for real-time disbursements isn’t just ...
  • How Disbursements Bring B2C-Like Innovation To The B2B Sphere

    July 3, 2019 Tech-Brings-Consumer-Innovation-To-B2BWhile B2B payments innovation often takes a page or two out of the business-to-customer (B2C) payments world, the rise of the gig economy and freelance professionals have challenged the payments ...
  • Gig Economy And The Insurance Service Gap

    July 2, 2019 Real-time payments are growing more established in countries like the United States, as institutes like The Clearing House (TCH) update their payment infrastructures for the first time in more than ...
  • Weighing Faster Payments Opportunity And Risk For Corporates

    June 27, 2019 New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S., accelerated transaction is gaining speed, too. According to the latest ...
  • Fiverr’s Local Market Challenges

    June 24, 2019 remote workerGig workers and freelancers with a host of talents can utilize today’s highly-connected environment to offer their services to employers around world, rather than being limited by their geographies. Digital ...
  • Real-Time Payments Have Numerous Real-World Applications

    June 24, 2019 real-time paymentEveryone seems to want faster payments — from gig workers to B2B suppliers to parents splitting expenses — but with not all major financial institutions on board, real-time payments stand ...
  • Payments Can Make Or Break The Platform Economy

    June 21, 2019 remote worker at laptopThe workplace is evolving and becoming increasingly global and gig-oriented. Roughly three-fourths (73 percent) of U.S. offices will employ remote workers by 2023. While remote workers may be half the world ...
  • Why Hospitality May Be The Gig Economy’s Next Frontier

    June 21, 2019 help wanted signDigital platforms have the potential to reshape the way work is done, how workers find work, and even who gets the work. Writ large, matching workers and employers can be done across a ...
  • How Toptal Seeks To Instill Freelance Marketplace Trust

    June 21, 2019 Nearly three-quarters of U.S. businesses will employ remote workers by 2023. Making those payments friction-free will be key to attracting and retaining talent. In the latest Payments And The Platform ...
  • B2B Startup Investors Go After The Niche Markets

    June 21, 2019 While there were no mega-deals in the B2B startup funding realm this week, it was still a busy time for companies and investors, with many funders targeting companies operating in ...
  • Payment Apps For When The Marriage Is Over

    June 21, 2019 It’s not enough to build a real-time payment system if financial institutions (FIs) don’t implement the offering, and extend instant payment services to customers. Getting major FIs on board, and ...
  • FlexWage Taps Fiserv For Real-Time Access To Wages

    June 20, 2019 calendar paydayOn-demand wage service provider FlexWage has announced it is working with Fiserv to power disbursements to employees using its service. A press release issued this week said FlexWage is enhancing OnDemand ...
  • Why Global Gig Workers Like Local Payments

    June 20, 2019 By 2023, 73 percent of all offices across the U.S. will have remote workers that eschew the traditional commute to an office setting. Though they may work as far as ...
  • Gig Worker Insurance Startup Zego Raises $42M

    June 18, 2019 Fast-Growing Zego, An Insurance Startup For Gig Workers, Raises $42MZego, a London-based startup that provides insurance for gig workers, has raised $42 million in a Series B funding round, according to reports. The round was led by a firm called ...
  • For Gig Workers and Entrepreneurs, Business Banking Done Digitally

    June 17, 2019 gig economyEntrepreneurs and the smallest and youngest of companies — freelancers, too — need access to business services.  Amaiz CFO Steve Taklalsingh tells PYMNTS why banking over smartphone, driven by apps, ...
  • The Role Of Digital Identity In Growing The Healthcare Services Gig Economy

    June 17, 2019 The United States is currently weathering a healthcare worker shortage that is estimated to get quite a bit worse before it gets better.  According to healthcare staffing consultancy Mercer, to ...
  • Fiverr’s IPO Bodes Well For (Some) Gig Economy Stocks

    June 13, 2019 Initial Public OfferingAmid a slew of busted initial public offerings in the tech realm, with Uber and Lyft among them, and the specter of regulators looking into platform firms like Facebook and ...
  • CA Gig Economy Legislation Could Better Protect Workers

    June 4, 2019 CA Gig Economy Bill Could Protect WorkersCalifornia has proposed gig economy legislation that could potentially change workers’ classifications from independent contractors to actual employees, which would make them eligible for the benefits pertaining to that status, ...
  • Uber And Lyft Drivers Could Gain Access To Digital Ad Revenue

    June 3, 2019 Uber, Lyft Drivers' Access To Digital Ad RevenueSay hello to the marriage of digital advertising and ride-hailing – and, it seems, more potential for a bigger payday for those gig workers who provide that form of transportation. A ...
  • Freelancers Decry CNN’s 90-Day Supplier Payment Terms

    June 3, 2019 Freelancers Decry CNN's 90-Day Payment TermsNews outlet CNN is reportedly set to wait 90 days to pay freelancers, according to reports last week from The Daily Caller. The publication said CNN will impose net 90-day payment ...
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